Property insurance as it relates to homeowners and renters protects you and your property from accidents, theft, and in some cases, natural disasters. It can include several policies, such as homeowners, renters, flood, and earthquake insurance. Property insurance provides financial reimbursement to a homeowner or a renter, and its contents in case there is damage or theft. It also covers a person other than the owner or renter if that person is injured on the property.
